Why is Muller & Phipps falling/rising?

As of 23-Jun, Muller & Phipps (India) Ltd is currently priced at 284.75, reflecting an increase of 2.8 or 0.99%. The stock has shown a strong performance recently, gaining 9.52% over the last two days, and has outperformed the benchmark with a 1-week return of +17.04% compared to the Sensex's +0.12%. However, the stock has been highly volatile today, with an intraday range of Rs 33, and it has underperformed its sector by -1.76%. Despite these short-term gains, the company faces significant challenges, including a negative book value and weak long-term fundamentals, as indicated by a high debt-to-equity ratio and declining profits.
Broader market context indicates that while Muller & Phipps has performed well in the short term, it has struggled year-to-date with a return of -8.00%, contrasting with the Sensex's +4.81% over the same period. The stock's recent gains may be attributed to rising investor participation, as evidenced by a significant increase in delivery volume. Nonetheless, the company's poor long-term growth prospects and negative EBITDA suggest that the stock remains risky, which could temper investor enthusiasm despite its recent price increase.